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    Policy

    Economy

    Yesterday

    We need to prepare in good times for the next big shock. These are the good times

    We are a long way from even a balanced budget. If we are going to have a fiscal war chest for the next big shock, we need to prepare now.

    • Updated
    • Jonathan Kearns
    An over-reliance on gas is no sure way of delivering 82 per cent renewable energy by 2030.

    The Coalition must give up its nuclear dreaming

    The opposition’s current nuclear proposal is an unserious political wedge being used to pry open a climate war Pandora’s box. A new round of the climate wars would be catastrophic.

    • Paul Farrow
    An over-reliance on gas is no sure way of delivering 82 per cent renewable energy by 2030.

    Singapore thriving after smooth, fair transition

    Readers letters on the election of Singaporean Prime Minister Lawrence Wong; Labor’s Future Gas Strategy; the housing affordability crisis; and Treasurer Jim Chalmers.

    This Month

    Peter Dutton has vowed to cut immigration as a way to free up housing.

    Coalition chose political interest over easing the housing crisis

    Readers’ letters on Peter Dutton’s focus on housing; how big super funds should prepare for tax changes; how the law can use AI; and a plea to keep printed copies of “The Australian Financial Review” alive in WA.

    Smoke rises from an Israeli strike on Gaza.

    Fear and crisis fatigue are holding back productivity

    Our uncertain world is generating collective caution. This leaves economies experiencing too little change and bearing too little risk.

    • Andy Haldane
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    Anthony Albanese and Peter Dutton are both throwing out easy answers to complex problems.

    Budget kicks off a populist election season

    The housing crisis demonstrates how both major parties insist there are easy answers where none exist.

    • The AFR View
    The Reserve Bank of Australia headquarters in Sydney is under renovation.

    RBA considers selling HQ as renovation blows out to $1.1b

    The blowout, caused by large amounts of asbestos, makes the redevelopment of the RBA building one of the nation’s most expensive non-defence public works.

    • Michael Read
    Opposition Leader Peter Dutton in parliament this week.

    The Coalition swings back to the immigration playbook

    The irony is that Peter Dutton of all people should understand how complicated migration numbers really are.

    • Laura Tingle
    Opposition Leader Peter Dutton is making the election a housing fight.

    Peter Dutton’s housing policies look tinged by race

    The Liberal Party leader’s complaints that foreigners are competing with Australians for homes tap into resentment towards outsiders.

    • Aaron Patrick
    Chalmers has made a big, bold gamble on inflation, risking the living standards of millions, while Dutton’s rhetoric is bigger than the reality on immigration.

    Chalmers and Dutton put their economic credibility on the line

    Chalmers has made a big, bold gamble on inflation, while Dutton’s rhetoric is bigger than the reality on immigration.

    • John Kehoe

    Peter Dutton’s migration and housing changes explained

    The opposition leader says his changes to permanent migration and housing laws will help Australians by “restoring the dream of home ownership”. Will the changes be effective?

    • Michael Read
    David Rowe

    Solar panels debunking makes case for critical minerals leg-up

    Even in a world of geopolitical and supply chain risk, the old economic orthodoxies of international specialisation and comparative advantage still apply.

    • The AFR View
    Applause from colleagues, but it’s really an ominous message.

    Australia’s new course is to be managed decline

    The budget is our politics writ small: too lacking in confidence and optimism to seek out new growth.

    • John Roskam
    Treasurer Jim Chalmers may be feeling the pressure when he resorts to describing the Coalition’s “clown show”.

    Budget is pure politics

    Readers letters on Jim Chalmers’ federal budget; Scott Morrison’s meeting with Donald Trump; and Gina Rinehart’s push against her portrait in The National Gallery of Australia.

    Unemployment increased to 4.1 per cent in April.

    Jobless jump could unwind next month, economists say

    Economists predict some of the lift in unemployment in April may unwind in May, amid broader signs the jobs market remains strong and is absorbing a surge in migrants.

    • Updated
    • Michael Read
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    Lithium mining in Western Australia. There is a cogent argument for refining critical minerals here.

    It’s right for Australia to join the critical minerals subsidy rush

    The scepticism about government interventions is understandable. But this time, they are creating new industries of immense value.

    • Warren Pearce
    Jonathan Kearns says “the inflation dragon still lurks in our future”.

    RBA will ignore budget’s ‘miracle’ inflation forecast

    Former Reserve Bank official Jonathan Kearns has cast doubt on whether the budget can produce a “magical” drop in inflation beyond the short term.

    • John Kehoe
    The housing market is failing to keep pace with surging demand.

    RBA says ‘no quick fix’ to house prices

    RBA chief economist Sarah Hunter warns that undersupply of homes means house prices and rents will continue to rise as the market fails to keep pace with strong demand.

    • Michael Read
    The Fin podcast Lucy Dean Joanna Mather

    What happens when Australia’s Boomers hand $5 trillion to their heirs

    This week on The Fin podcast, Lucy Dean and Joanna Mather explain what’s happening in the great wealth transfer and how it will shape the economy, politics and intergenerational rivalry.

    More than $80 billion of under-the-radar spending on initiatives such as Snowy Hydro, NBN and clean energy undermines budget forecasts, Saul Eslake says.

    ‘Dangerous’ to rely on key budget number given $80b spending splurge

    More than $80 billion of under-the-radar spending on initiatives such as Snowy Hydro, NBN and clean energy undermines budget deficit forecasts, Saul Eslake says.

    • John Kehoe